The Executive Board of Directors of the World Bank has approved 315 million U.S. dollars International Development Association financing for two projects in Ghana, a release has said.
The financing includes 200 million U.S. dollars for a jobs and skills project and 115 million U.S. dollars for a digital transformation project for Ghana’s public sector.
The Jobs and Skills project aims to train young people in employable skills and entrepreneurship. It will also assist apprentices with self-employment activities or help them secure employment opportunities and strengthen linkages to trade associations.
It will also provide training, grants, and entrepreneurship activities to micro and small enterprises, as well as help and establish a functioning Ghana labor market information system.
The labor market information system is a public database that will capture information on employers and workers and maintain regular data and information on the job landscape in the country.
The digital transformation project will improve the efficiency and coverage of government service delivery.
“The two projects are aligned with the priorities of the government’s coordinated program of economic and social development and are even more relevant and timely in the current COVID-19 context,” Pierre Laporte, World Bank Country Director for Ghana said.
He added that restoring jobs and livelihoods for micro, small and medium enterprises “is critical for promoting the economic recovery of the country and is at the heart of Ghana’s COVID-19 response.” Enditem